Ross was raised in Orlando, Florida. Ross had a half brother Jim, whom he mentioned in passing on his show. While working as a carpenter with his father, Ross lost part of his left index finger. It did not affect the way he held his palette while painting.
Definition: Net asset value(NAV) is the value of a fund's asset less the value of its liabilities per unit. Description: NAV is often associated with mutual funds, and helps an investor determine if the fund is overvalued or undervalued. When we talk of open-end funds, NAV is crucial.
BREAKING DOWN 'Net Asset Value - NAV'. In the context of mutual funds, NAV per share is computed once per day based on the closing market prices of the securities in the fund's portfolio. All of the buy and sell orders for mutual funds are processed at the NAV of the trade date.